Capitalism

Joseph Stiglitz: Neoliberalism Is Dead

August 21, 2016 Will Martin, www.businessinsider.com Educate! Capitalism, Joseph Stiglitz, Neoliberalism

By Will Martin for Business Insider. Joseph Stiglitz, the Nobel Prize-winning economist and former adviser to US President Bill Clinton, says the consensus surrounding neoliberal economic thought has come to an end. Since the late 1980s and the so-called Washington Consensus, neoliberalism — essentially the idea that free trade, open markets, privatisation, deregulation, and reductions in government spending designed to increase the role of the private sector are the best ways to boost growth — has dominated the thinking of the world's biggest economies and international organisations like the International Monetary Fund and the World Bank. Since the 2008 financial crisis, however, there has been a groundswell of opinion in both economic and political circles to suggest that the neoliberal consensus may not be the right way forward for the world.

Newsletter: #NoHoneymoon, A Presidency Of Protest

August 20, 2016 Kevin Zeese and Margaret Flowers, www.PopularResistance.org Newsletter #BlackLivesMatter, #NoHoneymoon, 2016 Elections, Black Lives Matter (BLM), Capitalism, China, Debates, Democracy, Donald Trump, Fight for 15, Gary Johnson, Hillary Clinton, Jill Stein, Libya, Living Wage, Open Debates, Russia, Syria, TISA, TPP, Wars and Militarism

By Kevin Zeese and Margaret Flowers for Popular Resistance. The task of the movement for economic, racial and environmental justice is much bigger than the presidential election. Our job is to build people power to ensure that no matter who is the next president, the people’s voices are heard and our demands are part of the political agenda. We urge organizers and advocates across the nation to begin to plan a campaign beginning in early 2017 and carrying on through the inauguration to ensure that right from the beginning the people’s voices are a dominant narrative. The #NoHoneymoon campaign will take various forms in communities across the country. Talk to your networks of activists and plan what would work best in your community. The creativity and energy that comes from diverse leadership has surprised the nation before and can do so again.

The Third Capitalist Party

August 14, 2016 Travis Richard Sweatte, www.jacobinmag.com Educate! 2016 Elections, Capitalism, Democracy, Libertarian Party, Plutocracy

By Travis Richard Sweatte for Jacobin Magazine. United States - In the aftermath of the Democratic National Convention, Hillary Clinton may have a commanding lead, but it’s clear that she won’t be able to win over segments of Bernie Sanders supporters and other independents. Many Americans — repulsed by both Clinton and Trump — are eager to cast a protest vote for a third party. Predictably, mainstream commentators have roundly criticized these candidacies, evoking the memory of Ralph Nader’s Green Party run in 2000 and the specter of “election spoiling.” Much of this hysteria has centered around the “Bernie or Bust” campaign, which is increasingly associated with the Green Party candidacy of Jill Stein. But despite the liberal press’s endless hand-wringing over the remote possibility of Stein spoiling the race for Clinton, the fact is that the Green Party is by no means the largest third party in American politics.

When Systems Crumble: Looking Beyond Global Capitalism

August 10, 2016 Richard D. Wolff, www.truth-out.org Educate! Capitalism

By Richard D. Wolff for Truthout - As global capitalism staggers painfully, unevenly and dangerously in the wake of its 2008 collapse, its critics divide into two broad camps. One commits to fixing or reforming a capitalism that has somehow lost its way. The other finds capitalism irreparably inadequate and seeks transition to a new and different system. The two camps see many of the same faults: how capitalism relentlessly deepens inequalities of income, wealth, power and access to culture; capitalism's instability (those socially costly cycles it never managed to prevent); and its consequent injustices.

In Philadelphia, Progressive Education Organizers Fight ‘Disaster Capitalism’

August 4, 2016 Molly Knefel, www.inthesetimes.com Resist! Capitalism, Education, Philadelphia

By Molly Knefel for In These Times - This week, Democrats descended upon the city of Philadelphia, attempting to present themselves as simultaneously progressive enough to be the party of racial, gender, and economic justice, but conservative enough to be welcoming to Republicans turned off by Donald Trump. In a succinct illustration of some of the contradictions at play during the Democratic National Convention, vice presidential candidate Tim Kaine, the former governor of a Right-to-Work state, spoke proudly of his dad running a union shop.

Wetiko: The Pathology Of Greed

July 22, 2016 Staff, www.seeingwetiko.com Educate! Capitalism, Indigenous Languages, Indigenous Peoples, Ruling Class

By Staff of The Rules - Wetiko is an Algonquin word for a cannibalistic spirit or thought-form driven by greed, excess and selfish consumption. It deludes it host into believing that consuming the life force of others for self-aggrandizement or profit is a logical and morally upright way to live. Wetiko hides in darkness. Conscious awareness brings it into the light. Once we see it, in ourselves and the world around us we can know it, and tame it. Here, artists, writers, film makers, poets and performers from around the world are seeing wetiko in their lives. Join us – see it for yourself.

Poverty Has Always Accompanied Capitalism

July 10, 2016 Mark Karlin, www.truthout.org Educate! Capitalism, Finance and the Economy, Poverty, Socialism

By Mark Karlin for Truthout. What economic theory Americans learn comes mostly - directly or indirectly - from college and university teachers: their classes, the textbooks they write, the journalists and politicians shaped by them, etc. The substance of the mainstream economics delivered in these ways is this: economics is a basic science that explains how the economy works. By "the economy" is meant modern capitalism as if (1) nothing else, no other system, was of interest today (other than for historians) and (2) no alternative ways of theorizing, thinking about economies, exist or are worth considering. Indeed, most mainstream textbooks have the word "economics" in their title as if no differentiating adjective (such as neoclassical or Marxist etc.) needs to be added to let readers know which among alternative theories was being used by the author.

Russians Ask ‘Why Do You Demonize Us?’

July 10, 2016 Ann Wright, www.opednews.com Educate! Capitalism, Peace, Russia, Wars and Militarism

By Ann Wright for OpED News. I’ve just ended two weeks visiting cities in four regions of Russia. The one question that was asked over and over was, “Why does America hate us? Why do you demonize us?” Most would add a caveat — “I like American people and I think YOU like us individually but why does the American government hate our government?” This article is a composite of the comments and questions that were asked to our 20-person delegation and to me as an individual. I do not attempt to defend the views but offer them as an insight into the thinking of many of the persons we came into contact with in meetings and on the streets. None of the questions, comments or views tell the full story, but I hope they give a feel for the desire of the ordinary Russian that her country and its citizens are respected as a sovereign nation with a long history and that it is not demonized as an outlaw state or an “evil” nation. Russia has its flaws and room for improvement in many areas, just as every nation does, including for sure, the United States.

Review: ‘Global Capitalism And The Crisis Of Democracy’

June 25, 2016 Harry Targ, www.heartlandradical.blogspot.com Educate! Capitalism, Democracy, Globalization, Neoliberalism

By Harry Targ for Portside. The more sophisticated theorists correctly argued that the dramatic increase in cross-border economic, political, and cultural interactions was not merely the result of the collapse of the Soviet Union, or the technological revolution, or the happy dawn of worldwide production and investment. For some theorists, including Jerry Harris, globalization was not even just a byproduct of a systematic policy by international economic institutions (although it was that too) but the development of a new stage in the history and direction of capitalism. This new stage in the development of global capitalism is the subject of this book. It provides the most comprehensive analysis to date of how neoliberal globalization shapes politics, the role of the state, and the possibilities for the creation of a new kind of socialism, a twenty-first century socialism.

South Africa’s ANC Corrupted By Capitalism Faces Political Crisis

June 24, 2016 Ben Morken, www.marxist.com Create! Capitalism, Crisis, South Africa

By Ben Morken for In Defense of Marxism - In the politically sensitive province of Kwazulu-Natal tensions are boiling over. After a bruising leadership battle, the former premier Senzo Mchunu has been recalled by the National Working Committee and the provincial leadership. Mchunu, who was part of the big business faction of Cyril Ramaphosa, has been replaced by Sihle Zikalala who is close to president Zuma. In line with the practice of recent years, the entire losing faction is now being marginalised.

We Must Understand Corporate Power To Fight It

June 14, 2016 Chris Hedges, www.truthdig.com Strategize! Capitalism, Corporations, Power, Ruling Class

By Chris Hedges for Truth Dig - In the winter of 1941, a Jewish gravedigger from Chelmo, the western province of Poland, appeared in Warsaw and desperately sought a meeting with Jewish leaders. He told them the Nazis were rounding up Jews, including the old, women and children, and forcing them into what looked like tightly sealed buses. The buses had the exhaust pipes redirected into the cabins. The Jews were killed with carbon monoxide. He had helped dig the mass graves for thousands of corpses until he escaped.

The Mental Disease Of Late-Stage Capitalism

June 1, 2016 Joe Brewer, www.therules.org Educate! Capitalism

By Joe Brewer for The Rules - We are supposed to pretend, in this stupendously individualist culture, that it is our fault. The buck stops here. I am responsible for my failings in life. Of course this is demonstrably not true. We are merely living through late-stage capitalism and our parents lacked the foresight to warn us about it. When a population explodes — as the human one did throughout the last century — eventually all manner of social institutions become over-crowded. From there, it’s simply a numbers game.

Western Donors Shape Pro-Corporate Agenda For Africa

May 27, 2016 Staff, www.oaklandinstitute.org Educate! Africa, Capitalism, Corporations, Food and Agriculture

By Staff of Oakland Institute - The Unholy Alliance, Five Western Donors Shape a Pro-Corporate Agenda for African Agriculture, exposes how a coalition of four donor countries and the Bill and Melinda Gates Foundation is shaping a pro-business environment in the agricultural sector of developing countries, especially in Africa. “‘Enabling Business’ has become a buzzword for development agencies, but it is vital to understand what this entails,” said Anuradha Mittal, Executive Director of the Oakland Institute. “Our research shows that, in order to foster private investments, governments are being forced to open their agricultural sector...

Cracks In Capitalism “Divide” Shows Wealth Divide On Big Screen

May 21, 2016 Steve Rushton, www.occupy.com Educate! Capitalism

By Steve Rushton for Occupy - Inequality represents simultaneously a cornerstone and a weak link in today's capitalism. The idea that wealth creation for the few benefits the many is a core myth of the system. But the expanding inequality divide shreds this theory. In practical terms, the super-rich buy political influence and control to constantly adapt the system to their needs, ignoring the cost to everyone else. But rigging the world, itself, causes instability. Since the 2008 crash, the common understanding has spread that inequality binds the current system together.

US Capitalism Continues To Decline; No End In Sight

May 21, 2016 Daniel Haiphong, www.ahtribune.com Educate! Capitalism

By Daniel Haiphong for The American Herald Tribune - Periodic crisis is endemic to capitalism, built into the system. However, late stage capitalism has entered a phase in which crises are the norm. “Unemployment has remained high for months, if not years, after each successive crisis since the 1990s.” Expect no lasting recovery. “No amount of austerity, war, or repression can halt this trend” because “this is all capitalism can offer.” When the 2008 capitalist crash sent shock waves throughout the entire global economy, the US ruling class scrambled for a political remedy.

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